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Bond P is a premlum bond with a coupon rate of 12 percent. Bond D has a coupon rate of 7 percent and is currently

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Bond P is a premlum bond with a coupon rate of 12 percent. Bond D has a coupon rate of 7 percent and is currently selling at a discount. Both bonds make annual payments, have a YTM of 9 percent, and have seven years to maturity. a. What is the current yleld for Bond P and Bond D ? (Do not round Intermedlate calculatlons and enter your answers as a percent rounded to 2 declmal places, e.g., 32.16.) b. If Interest rates remain unchanged, what is the expected capital gains yleld over the next year for Bond P and Bond D ? (A negatlve answer should be Indlcated by a minus sign. Do not round Intermedlate calculatlons and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)

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